4,299 Shares in Truist Financial Corporation $TFC Purchased by Winnow Wealth LLC

Winnow Wealth LLC bought a new stake in Truist Financial Corporation (NYSE:TFC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,299 shares of the insurance provider’s stock, valued at approximately $185,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ensign Peak Advisors Inc increased its stake in shares of Truist Financial by 4.1% during the second quarter. Ensign Peak Advisors Inc now owns 382,092 shares of the insurance provider’s stock valued at $16,426,000 after acquiring an additional 15,069 shares during the period. Empirical Finance LLC increased its position in shares of Truist Financial by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 46,253 shares of the insurance provider’s stock valued at $1,988,000 after purchasing an additional 289 shares during the period. Alteri Wealth LLC raised its stake in shares of Truist Financial by 8.7% in the 2nd quarter. Alteri Wealth LLC now owns 14,082 shares of the insurance provider’s stock worth $605,000 after buying an additional 1,126 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Truist Financial by 12.2% in the second quarter. TD Waterhouse Canada Inc. now owns 3,493 shares of the insurance provider’s stock valued at $154,000 after buying an additional 379 shares during the period. Finally, VSM Wealth Advisory LLC grew its holdings in Truist Financial by 22.6% during the second quarter. VSM Wealth Advisory LLC now owns 6,045 shares of the insurance provider’s stock worth $260,000 after acquiring an additional 1,115 shares during the period. 71.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TFC shares. Wall Street Zen downgraded Truist Financial from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Raymond James Financial restated an “outperform” rating on shares of Truist Financial in a report on Tuesday, October 7th. Keefe, Bruyette & Woods raised their target price on shares of Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Piper Sandler set a $48.00 price target on shares of Truist Financial in a report on Monday, October 20th. Finally, TD Cowen upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Truist Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Truist Financial Price Performance

TFC opened at $45.51 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 1 year low of $33.56 and a 1 year high of $49.06. The stock has a fifty day moving average price of $44.59 and a 200 day moving average price of $43.48. The stock has a market cap of $58.22 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.20 and a beta of 0.92.

Truist Financial (NYSE:TFC) last posted its earnings results on Friday, October 17th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Truist Financial Corporation will post 4 EPS for the current fiscal year.

Truist Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 14th. Truist Financial’s payout ratio is presently 55.91%.

Truist Financial Company Profile

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.